Do I own RI or NPRI? plus help with terms & calculations

Regina, he was agreeing with me from my last comment. I was stating that an NPRI cannot go shopping the lease because they don't have the rights to do so. It is a piggy-back arrangement. You are correct that if production keeps the lease in effect, you are stuck with the royalty rates, as well as it's terms, which are probably outdated in today's world of post production costs, etc.